Daily News

Source: Bankofcanada October 06, 2022

Restoring price stability for all Canadians

Governor Tiff Macklem explains how inflation in Canada reflects more and more what’s happening with domestic demand and what the Bank is watching as it works to brin...

Source: BNN Bloomberg October 05, 2022

U.S. stock shorts fold in best two-day rally since 2020

Stocks extended their rebound from deeply oversold levels, with traders weighing whether it would be realistic that central banks moderate their aggressive stance to prevent a hard landing. The S&P 500 had its best two-day surge since April 2020. Tesla Inc...

Source: BNN Bloomberg October 05, 2022

TSX recap: Index closes up 2.6% in broad-based rally

A broad-based rally pushed Canada's main stock index up by almost 500 points Tuesday, while U.S. stock markets were also up. The S&P/TSX Composite Index closed up 489.80 points, or 2.6 per cent, at 19,370.99. In New York, the Dow Jones industrial averag...

Market Call Source: BNN Bloomberg October 05, 2022

Brian Madden's Top Picks: October 4, 2022

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities MARKET OUTLOOK: 2022 is proving to be a year that tests the mettle of investors in virtually every asset class, with stocks, bonds and real estat...

Source: BNN Bloomberg October 05, 2022

A quarter of Canadians are looking to cash out their investments, survey finds

  About a quarter of Canadians are losing confidence in the stock market and are now looking to cash out their investments, a new survey has found.  The survey, conducted by personal finance comparison website Finder, found that those looking to cash ou...

Source: BNN Bloomberg October 05, 2022

Wall Street sees S&P 500 falling further after bear-market bounce

Some of Wall Street’s biggest banks aren’t buying this stock-market rally. Firms from HSBC Holdings Plc to Credit Suisse Group AG are skeptical that the S&P 500 Index has reached its ultimate low and warning that U.S. equity prices still don’t fully reflec...

Source: BNN Bloomberg October 04, 2022

U.S. stocks rise from the ashes in best day since July

Stocks kicked off the week with big gains after suffering their worst September in two decades as Treasury yields halted a seemingly endless surge, with weak U.S. manufacturing data soothing concern the Federal Reserve will overtighten monetary policy. As...

Source: BNN Bloomberg October 04, 2022

OSC files allegations of fraud in multimillion-dollar crypto offering

The Ontario Securities Commission says it has filed allegations against Troy Richard James Hogg related to a crypto token offering that raised US$51 million. The statement of allegations says that between May 2017 and June 2019, Hogg, an Ontario resident,...

Source: BNN Bloomberg October 04, 2022

TSX today: Composite up 2.37% as oil tops US$80 a barrel

Gains in the energy sector as the price of oil rose above US$80 a barrel helped Canada's main stock index surge more than 400 points higher on the first day of the fourth quarter, while U.S. stock markets also climbed higher. The S&P/TSX Composite Index wa...

Market Call Source: BNN Bloomberg October 04, 2022

Jason Del Vicario's Top Picks: October 3, 2022

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks  MARKET OUTLOOK: I have no idea what’s going to happen to the financial markets in the short-term. I came across a qu...